~ By Sujeet Rawat
Feb 12 2025, 10:17 PM
The automotive industry is a key driver of economic growth, innovation, and industrial development. At its core, auto component manufacturers form the backbone of mobility, ensuring vehicles function efficiently, safely, and sustainably. India, one of the largest auto component manufacturing hubs in the world, is home to companies that supply essential parts to major automobile brands globally. This blog explores the top auto components stocks, their contribtutions, and their impact on mobility.
Before moving forward, let's understand the role of auto component manufacturers. They are a crucial part of the automotive industry, making essential parts like engines, brakes, electrical systems, and transmissions. These manufacturers help vehicles meet safety standards, improve performance, and run efficiently. They also bring new technologies into the industry, using automation, AI, and eco-friendly materials to make cars safer and more advanced.
Here's a look at some of the leading companies that define India's automotive landscape:
Bosch is a globally recognized leader in auto components, known for its high-quality engine parts, advanced braking systems, and cutting-edge electronic solutions. The company plays a key role in the automotive industry, supplying essential components that enhance vehicle performance, safety, and efficiency. Bosch serves major automobile manufacturers, including Maruti Suzuki, Tata Motors, and Mahindra & Mahindra, solidifying its position as a trusted partner in the sector. With a market capitalization of approximately ₹80,277 crore, Bosch remains a strong player in the industry. Its 52-week high stands at ₹39,088.80, while its 52-week low is ₹25,107.20.
This company is a leading manufacturer of electrical distribution systems, high-quality plastic components, and advanced automotive mirrors, playing a crucial role in vehicle functionality and design. It supplies its innovative solutions to top automobile brands such as Maruti Suzuki, Mercedes-Benz, and Audi, ensuring efficiency, durability, and safety in modern vehicles. With a strong market presence, its market capitalization stands at approximately ₹22,826 crore. Over the past year, its stock has reached a 52-week high of ₹80.00 and a 52-week low of ₹49.61.
Amara Raja is a leading name in the automotive battery industry, best known for its Amaron brand, which delivers reliable and high-performance batteries. The company supplies its products to major automobile manufacturers, including Hyundai, Ford, and Honda, ensuring efficient power solutions for a wide range of vehicles. With a strong market presence, Amara Raja has a market capitalization of approximately ₹18,317 crore. Over the past year, its stock has recorded a 52-week high of ₹1,775.95 and a 52-week low of ₹737.70.
This company is a trusted name in precision-engineered automotive components, specializing in fasteners, radiators, and pumps that enhance vehicle performance and durability. It supplies its high-quality products to leading global brands such as General Motors, Daimler, and Cummins, ensuring reliability in critical automotive systems. With a strong market presence, the company has a market capitalization of approximately ₹20,958 crore. Its stock has recorded a 52-week high of ₹1,505.95 and a 52-week low of ₹969.90.
A leading manufacturer of forged engine and chassis components, this company plays a crucial role in enhancing vehicle strength, durability, and performance. It supplies its high-precision components to renowned global automakers such as Volkswagen, BMW, and Ford, ensuring high standards of quality and reliability. With a strong market position, the company has a market capitalization of approximately ₹53,183 crore. Its stock has reached a 52-week high of ₹1,804.50 and a 52-week low of ₹1,063.00.
A dominant player in India's lead-acid battery industry, this company is a key supplier to major automotive brands, including Tata Motors, Mahindra & Mahindra, and Ashok Leyland. Known for its reliable and high-performance batteries, it plays a crucial role in powering a wide range of vehicles, from passenger cars to commercial fleets. With a strong presence in the automotive sector, the company holds a market capitalization of approximately ₹30,868 crore. Its stock has recorded a 52-week high of ₹620.35 and a 52-week low of ₹290.35.
Varroc Engineering is a leading manufacturer specializing in exterior lighting, powertrains, and advanced electronic components for the automotive industry. The company supplies critical components to renowned brands such as Royal Enfield, Bajaj Auto, and Harley-Davidson, ensuring high-quality performance and innovation in vehicle design. With a strong focus on technological advancements and global expansion, Varroc Engineering continues to strengthen its position in the market. The company's market capitalization stands at approximately ₹8,030 crore, with a 52-week high of ₹716.90 and a 52-week low of ₹433.00.
A prominent leader in aluminum die-casting, Endurance Technologies specializes in manufacturing high-quality suspension, transmission, and braking systems for the automotive industry. The company supplies its advanced components to major two-wheeler brands, including Hero MotoCorp, Honda, and Yamaha, ensuring superior performance, durability, and safety. With a strong emphasis on innovation and precision engineering, Endurance Technologies continues to expand its footprint in both domestic and international markets. Its market capitalization stands at approximately ₹26,608 crore, with a 52-week high of ₹3,061.30 and a 52-week low of ₹1,716.20.
A leading manufacturer in the automotive industry, this company specializes in switching systems, advanced lighting solutions, and high-quality alloy wheels. It plays a crucial role in enhancing vehicle performance, safety, and aesthetics. Supplying top brands like Maruti Suzuki, Honda, and Bajaj Auto, the company is recognized for its innovation and reliability in the market. With a strong presence in both domestic and international markets, it continues to drive advancements in automotive technology. Its market capitalization is approximately ₹56,719 crore, with a 52-week high of ₹1,255 and a 52-week low of ₹604.55.
A prominent manufacturer specializing in high-quality suspension springs, this company plays a crucial role in enhancing vehicle stability, comfort, and durability. It supplies its advanced suspension solutions to major automotive brands, including Tata Motors, Ashok Leyland, and Volvo, ensuring optimal performance across commercial and passenger vehicles. With a strong market presence and a commitment to innovation, it continues to support the evolving needs of the automotive sector. Its market capitalization stands at approximately ₹3,460 crore, with a 52-week high of ₹149.66 and a 52-week low of ₹80.70.
Here’s a snapshot of the best auto component stocks in one picture:
Above image is taken from Arthalogy Instagram Account.
As electric vehicles (EVs) and sustainable mobility gain momentum, auto component manufacturers are investing in new technologies to stay ahead. Companies are developing EV-compatible components, lightweight materials, and smart systems to enhance vehicle efficiency. The Indian government’s push for local manufacturing through initiatives like Make in India and PLI schemes further strengthens this sector’s growth prospects.
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Auto component manufacturers are the driving force behind the automotive industry, constantly innovating to enhance efficiency, safety, and performance. As the sector moves towards sustainability and electric mobility, top auto component companies are well-positioned to benefit from this transformation. Investors looking for long-term opportunities should keep an eye on leading auto component stocks, as they continue to play a crucial role in shaping India’s automotive future.
[Disclaimer** The information provided in this article is for informational purposes only and should not be considered financial advice. Investors are advised to conduct their own research and consult with a financial expert before making any investment decisions. The stock market is subject to risks, and past performance does not guarantee future results. Above data is accurate as of 12 Feb 2025 and may change over time.]
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